Suzlon Group continues new order winning

Suzlon Group has won a repeat turnkey order from Orange Renewable for 100.8 MW to be installed in Beluguppa, Andhra Pradesh. The share price of the company increased by 4.84 per cent on BSE in early trades and is currently trading at Rs 22.4 on intraday basis.

Suzlon will offer operation and maintenance service for an initial period of 12 years through an integrated services package. The project will be commissioned from FY16-17. This repeat order reaffirms customer’s faith in Suzlon’s product portfolio and service capabilities.

The company will install 48 WTGs (Wind Turbine Generators) of S111 90m with rated capacity of 2.1 MW each. The wind turbines features the time tested Dolby Fed Induction Generator (DFIG) technology. The S111 which belongs to the reliable and proven 2.1 MW product suite is designed to harness sub optimal wind resources. The innovative product features a rotor diameter of 111.8 meters with a swept area more than 9500 square meters.

On September 23,2015, Suzlon secured 105 MW turnkey order from a mix of SME customers and PSU customers. The company declared commissioning of 100.8 MW wind power turnkey project, on September 29,2015. It commissioned a 100.8 MW project for CLP India which is a subsidiary of CLP Holdings in Rajasthan. Suzlon Group achieved cumulative installations in Maharashtra with 2000 MW more than 1900 windmills during the H1FY16.

Suzlon shareholding pattern indicates that FII holdings expanded by 222 basis points to 12.3 per cent and DII holdings contracted by 152 basis points to 15.56 per cent during June 2015 quarter.

Orange Renewable is a subsidiary of AT Holdings, Singapore. The company is a developer and operator of renewable energy projects. It is focused on developing, constructing and operating renewable projects in the field of wind and solar across India with presence in Andhra Pradesh, Karnataka, Madhya Pradesh, Maharashtra and Rajasthan.

Suzlon Energy is in wind turbine manufacturing and provides wind energy solutions. The Company’s offers comprehensive product portfolios - ranging from sub-megawatt onshore turbines at 600 kilowatts, to commercially-available offshore turbine at 6.15 megawatts (MW). It has presence across Asia, Australia, Europe, Africa and North and South America with over 24000 MW of wind energy capacity installed, with operations across over 31 countries. Suzlon's annual manufacturing capacity stands at 5900 MW.